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The Russia (Sanctions) (EU Exit) Regulations 2019 ensure sanctions relating to Russia are implemented effectively after the UK leaves the EU.

Context

This sanctions regime is aimed at encouraging Russia to cease actions which destabilise Ukraine, including actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.

It imposes asset freezes on those identified as being involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. This includes persons responsible for engaging in, providing support for, or promoting any policy or action that destabilises Ukraine or undermines or threatens the territorial integrity, sovereignty and independence of Ukraine.

There are also sectoral financial sanctions which prohibit and restrict specified activities. These include restrictions on dealing with transferable securities or money-market instruments and granting or entering into arrangements to grant loans or credit. For more information, please see our guidance on Russia sanctions

General Licences

Under the Sanctions and Anti-Money Laundering Act (2018), HMT may grant general licences under any autonomous UK sanctions regime. More information is available in OFSIs UK financial sanctions general guidance.

OFSI has issued general licences under the Russia (Sanctions) (EU Exit) Regulations 2019. A list of general licences published by OFSI can be found on the general licences page.

UK regulations

• The Russia (Sanctions) (EU Exit) (Amendment) (No. 7) Regulations 2022
• The Russia (Sanctions) (EU Exit) (Amendment) (No. 6) Regulations 2022
• The Russia (Sanctions) (EU Exit) (Amendment) (No.5) Regulations 2022
• The Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2022
• The Russia (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2022
• The Russia Sanctions (Sanctions) (EU Exit) (Amendment) (No 2) Regulations 2022
• The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2022
• The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 4) Regulations 2020
• The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2020
• The Russia (Sanctions) (EU Exit) Regulations 2019
• The Ukraine (European Union Financial Sanctions) (No.3) Regulations 2014 (prior to 31 December 2020)
• The Ukraine (European Union Financial Sanctions) (No.2) Regulations 2014 (prior to 31 December 2020)

EU regulations (applicable prior to 23.00 on 31st December 2020)

• Council Regulation (EU) No 269/2014
• Council Regulation (EU) No 833/2014

Find out more about UK sanctions on Russia